Overview
- Total federal revenues reached 6.045 trillion pesos in 2025, equal to 101.6% of the official target, according to the SAT.
- Tax collections totaled 5.3517 trillion pesos, up 4% in real terms, with ISR contributing about 2.889 trillion, IVA 1.499 trillion, and IEPS 671 billion.
- While tax receipts set a nominal record, they came in below the roughly 5.5 trillion pesos estimated in the Paquete Económico.
- Weakness late in the year weighed on the outturn, with November tax revenues down 9.1% year over year in real terms on steep drops in IVA and IEPS.
- For 2026, the government targets roughly 5.8 trillion pesos in tax revenue, relying on expanded audit powers along with higher IEPS and selected import tariffs.